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Republic First Bank is a separate entity from First Republic Bank, a San Francisco-based commercial bank that was closed in May 2023. The majority of the bank’s assets were sold to JPMorgan Chase.
The bank was seized by the Pennsylvania Department of Banking and Securities after failed funding talks with a group of investors. The FDIC, appointed as a receiver, said Fulton Bank, a unit of Fulton Financial Corp. , will assume substantially all deposits and purchase all the assets of Republic Bank to "protect depositors".
A bank regulator pulled the plug on Republic Bank on Friday, April 26, 2024. Republic last announced financial results in May 2023, when it reported a first-quarter loss of $9.7 million. That was ...
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia ...
Republic Bank of Chicago 214 38 Southern Community Bank Fayetteville: Georgia June 19, 2009: United Community Bank 377 39 Cooperative Bank Wilmington North Carolina June 19, 2009: First Bank 970 40 First National Bank of Anthony Anthony: Kansas June 19, 2009: Bank of Kansas 156.9 41 Community Bank of West Georgia Villa Rica: Georgia June 26, 2009
Chapter 11 bankruptcy and liquidation Mortgage lender January 29, 2007: American Freedom Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession Offshore bank [1] April 2, 2007: New Century: Chapter 11 bankruptcy and liquidation Mortgage lender [2] August 6, 2007 ...
Those were followed by First Republic Bank on May 1, then Heartland Tri-State Bank on July 28. Later in November 2023, Citizens Bank failed. The following tables list the number of U.S. banks that ...
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...